Vistra, one of the world’s leading corporate service providers of international incorporations, trust, fiduciary, private office, international expansion and fund administration services, has acquired Global Expandia, a Jakarta based firm providing market entry and other related services to foreign-owned investors operating in Indonesia. This acquisition adds to Vistra’s growing global footprint for International Expansion services by establishing a presence in Indonesia, the largest economy in Southeast Asia, which is an attractive market for local and foreign businesses.
Established in 2014, Global Expandia has built a reputation as a one stop solution for foreign companies making direct investments into Indonesia, offering a comprehensive service portfolio across company formation, tax compliance, accounting, bookkeeping, payroll and work permits. The team of 17 led by founders Miguel Latorre and Elsye Yaw will join Vistra, with Miguel becoming Managing Director of Vistra’s International Expansion division in Indonesia.
Announcing the acquisition, Vincent Bremmer, Group Managing Director of International Expansion at Vistra, said “Indonesia has emerged as one of the leading jurisdictions in Asia for international companies to expand into. Globally, it is the fourth most populous nation with a young labour force; representing a key market for Vistra as we strengthen our Southeast Asian business. The acquisition of Global Expandia will not only grow our network, but it will also prove beneficial for our existing businesses in Singapore, Hong Kong and China where we have clients already operating within Indonesia or with plans to do so. Miguel and Elsye have successfully built and grown Global Expandia and their ongoing leadership is important to ensure our Indonesian business continues along the same growth trajectory. Their expertise will be integral to our growth in the region. Our Vistra Singapore team has already built a strong working relationship with Miguel and Elsye, and both now have the opportunity to better serve our clients with a broad and innovative set of services.” Vistra were advised on the transaction by Foulger Underwood.
Miguel Latorre, co-founder of Global Expandia, added, “This acquisition is a fantastic opportunity for all of us at Global Expandia, and is also a reflection of the work our team has done in making our company a major provider in Indonesia for supporting foreign investment. Vistra will provide us with the platform to attract new foreign clients to Indonesia through their extensive global network. This is a breakthrough step for all of us and we are excited to continue growing with Vistra.”
Download full press release
The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any loss occasioned by actions taken or refrained from as a result of reading or otherwise consuming this article. For details, read our Legal and Regulatory notice at: http://www.vistra.com/notices . Copyright © 2024 by Vistra Group Holdings SA. All Rights Reserved.
经济实质 – 主要离岸司法管辖区经济实质法规的实际影响及案例研究
31 5月 2022
经济实质 (ES) 法规已出台三年，并随着后续司法管辖区发布的指南以及相关监管部门发布的公告而不断发展完善。 专题线上研讨会召开在即，现诚邀您参会聆听瑞致达专家的意见，他们将在会上总结、回顾并交流英属维尔京群岛、开曼群岛等主要离岸司法管辖区当前经济实质规则的适用范围以及实际影响。 专家将讨论我们所了解的最新信息，并通过研究实践案例和介绍解决方案，为您提供实用建议。…
15 3月 2022
04 3月 2021
12 10月 2020
【欧盟经济实质】影片系列: #8 实体如何证明「经济实质」？瑞致达如何帮助您遵守实质法？
10 9月 2019
【欧盟经济实质】影片系列: #7 什么是「欧盟名单」？在欧盟的「黑名单」及「灰名单」里又意味着什么？
04 9月 2019